• ASN shares soar on big increase to JORC resources at Paradox lithium project
  • A8G’s soil geo-chem results highlight lithium targets at Mt Peak
  • GT1’s latest diamond drilling results increases mineralised volumes and grade at North Aubry

All your ASX lithium news for Monday, August 22.

 

Junior mineral resources company Anson Resources (ASX:ASN) has fingers in several pies but its core asset is the ‘Paradox’ Lithium Brine project in southern Utah, USA.

The company has today lifted its JORC resource by 324% to 788,300t of lithium carbonate equivalent (LCE), paving the way for development.

Bromine resources have also received a 248% boost to 3.5Mt (1.2Mt in the indicated category).

ASN says this increase is due entirely to the result from one well, the Long Canyon No.2 well which returned stronger than expected lithium grades earlier this month.

The assaying of brines from the Clastic Zones at the Long Canyon No.2 Well returned a 70% increase in grades of up to 191 part per million lithium, 3,862pppm bromine and 1,123ppm boron.

ASN said the results were proof that brine reservoir can flow without the use of pumping while also reducing the cost of extraction while increasing the producible life at Paradox.

Shares have jumped as high as 38% on the news.

 

Here’s how ASX lithium stocks were tracking today:

CODE COMPANY PRICE % MONTH % WEEK % TODAY MARKET CAP
ASN Anson Resources Ltd 0.1875 44% 25% 29% $149,047,288.58
RAS Ragusa Minerals Ltd 0.245 210% 75% 29% $24,193,605.73
NWM Norwest Minerals 0.057 84% 36% 24% $8,307,939.80
FTL Firetail Resources 0.305 45% 20% 17% $16,063,450.00
TSC Twenty Seven Co. Ltd 0.0035 40% 17% 17% $7,982,441.72
IR1 Irismetals 0.89 263% 41% 15% $46,399,250.00
GSM Golden State Mining 0.063 31% 5% 15% $6,435,781.22
FRS Forrestaniaresources 0.16 7% -3% 10% $4,837,389.08
EPM Eclipse Metals 0.022 22% -8% 10% $38,422,528.26
TKM Trek Metals Ltd 0.076 29% 7% 7% $22,053,320.65
QPM Queensland Pacific 0.16 19% 10% 7% $234,541,969.65
ADV Ardiden Ltd 0.0085 42% -6% 6% $21,346,682.85
IMI Infinitymining 0.17 31% 13% 6% $9,200,000.00
NVA Nova Minerals Ltd 0.9 26% 8% 6% $153,171,942.25
PSC Prospect Res Ltd 0.105 116% -13% 5% $46,225,946.20
MNS Magnis Energy Tech 0.45 53% -2% 5% $417,242,537.69
AZI Altamin Limited 0.086 -9% -3% 4% $32,512,490.42
TON Triton Min Ltd 0.029 66% 7% 4% $35,245,956.96
EMS Eastern Metals 0.15 15% -9% 3% $5,605,156.25
PLS Pilbara Min Ltd 3.15 33% 1% 3% $9,079,387,571.20
VMC Venus Metals Cor Ltd 0.175 9% 0% 3% $27,213,376.11
SYA Sayona Mining Ltd 0.2775 85% 1% 3% $2,240,671,461.84
TUL Tulla Resources 0.5325 -3% 0% 2% $83,312,773.44
CY5 Cygnus Gold Limited 0.23 53% -8% 2% $33,116,695.88
RAG Ragnar Metals Ltd 0.047 31% -2% 2% $17,442,504.89
PAM Pan Asia Metals 0.485 28% 4% 2% $35,112,114.95
EMH European Metals Hldg 0.8 1% -15% 2% $93,966,176.76
A8G Australasian Metals 0.285 30% 2% 2% $11,527,738.32
MIN Mineral Resources. 61.77 37% 4% 1% $11,534,518,524.90
AAJ Aruma Resources Ltd 0.073 12% -8% 1% $11,301,228.22
DTM Dart Mining NL 0.077 24% -7% 1% $10,279,772.16
LKE Lake Resources 1.225 73% -11% 1% $1,681,710,279.26
AKE Allkem Limited 12.49 27% 1% 1% $7,868,700,781.24
VUL Vulcan Energy 8.15 32% -14% 1% $1,155,282,526.06
LTR Liontown Resources 1.6925 68% 0% 1% $3,689,790,545.28
GT1 Greentechnology 0.7 22% -5% 1% $128,067,401.89
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203.44
INF Infinity Lithium 0.145 32% -6% 0% $60,176,894.57
LPD Lepidico Ltd 0.029 -3% -3% 0% $188,708,545.76
MLS Metals Australia 0.057 24% -21% 0% $32,378,062.89
RLC Reedy Lagoon Corp. 0.015 -21% -12% 0% $8,361,403.68
TKL Traka Resources 0.007 40% 0% 0% $4,821,421.93
BMM Balkanminingandmin 0.19 0% -4% 0% $6,222,500.00
AX8 Accelerate Resources 0.037 28% 0% 0% $10,006,979.26
AM7 Arcadia Minerals 0.195 34% 34% 0% $9,106,088.94
BYH Bryah Resources Ltd 0.028 0% -5% 0% $7,819,097.27
FG1 Flynngold 0.1 0% 12% 0% $6,406,105.00
LRV Larvottoresources 0.27 38% 6% 0% $11,213,775.00
MMC Mitremining 0.115 -8% 0% 0% $3,114,786.50
SHH Shree Minerals Ltd 0.009 13% -10% 0% $11,146,382.03
TMB Tambourahmetals 0.155 3% -14% 0% $6,384,852.69
WCN White Cliff Min Ltd 0.012 -8% -14% 0% $7,843,240.34
WML Woomera Mining Ltd 0.015 0% -12% 0% $10,302,495.99
KGD Kula Gold Limited 0.025 -15% -7% 0% $5,379,390.80
LRS Latin Resources Ltd 0.115 62% 5% 0% $224,095,353.87
QXR Qx Resources Limited 0.03 7% -23% 0% $25,780,869.63
SCN Scorpion Minerals 0.078 13% 18% 0% $25,882,832.98
ENT Enterprise Metals 0.01 0% -9% 0% $6,529,806.88
KAI Kairos Minerals Ltd 0.029 26% -9% 0% $56,958,711.24
AVW Avira Resources Ltd 0.004 33% 14% 0% $8,475,160.00
MRR Minrex Resources Ltd 0.056 81% -11% 0% $60,052,423.37
LSR Lodestar Minerals 0.007 17% -13% 0% $12,169,061.44
VKA Viking Mines Ltd 0.008 14% 0% 0% $8,202,067.45
RGL Riversgold 0.036 33% -8% 0% $27,760,891.75
WC8 Wildcat Resources 0.029 16% -3% 0% $18,712,909.08
THR Thor Mining PLC 0.01 -9% 5% 0% $10,755,643.90
CZL Cons Zinc Ltd 0.022 10% -12% 0% $8,521,871.89
DRE Dreadnought Resources Ltd 0.105 119% 13% 0% $319,308,522.86
MM1 Midasmineralsltd 0.26 44% 4% 0% $14,854,258.64
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,030.68
AUN Aurumin 0.145 0% -12% 0% $16,287,689.92
ALY Alchemy Resource Ltd 0.019 36% 6% 0% $18,108,407.08
LNR Lanthanein Resources 0.04 186% 38% 0% $38,513,022.80
DAL Dalaroometalsltd 0.098 -2% -1% 0% $2,927,750.00
RIO Rio Tinto Limited 98.01 2% 3% -1% $36,575,933,565.42
JRL Jindalee Resources 2.7 8% -7% -1% $156,070,787.52
CAI Calidus Resources 0.63 3% -7% -1% $277,991,382.68
LPI Lithium Pwr Int Ltd 0.58 41% -9% -1% $204,249,736.08
LLL Leolithiumlimited 0.5 18% -1% -1% $498,261,740.56
AZL Arizona Lithium Ltd 0.089 13% -15% -1% $216,623,300.49
SRI Sipa Resources Ltd 0.0445 17% 3% -1% $9,226,116.14
TEM Tempest Minerals 0.0405 -10% -8% -1% $20,695,413.22
LIT Lithium Australia 0.079 14% -7% -1% $82,832,746.00
LRD Lordresourceslimited 0.195 -3% -15% -1% $6,277,462.65
GLN Galan Lithium Ltd 1.24 25% -10% -2% $383,705,331.66
EFE Eastern Resources 0.0305 22% -10% -2% $30,947,273.06
WES Wesfarmers Limited 48.11 4% 2% -2% $55,467,464,638.64
IGO IGO Limited 12.135 27% 1% -2% $9,344,684,812.42
MXR Maximus Resources 0.054 16% -14% -2% $17,539,817.24
GW1 Greenwing Resources 0.26 8% -10% -2% $32,660,547.49
RDT Red Dirt Metals Ltd 0.5 52% 11% -2% $155,322,757.26
KZR Kalamazoo Resources 0.235 15% -13% -2% $34,846,649.76
INR Ioneer Ltd 0.68 46% -3% -2% $1,458,203,182.82
NMT Neometals Ltd 1.35 41% -1% -2% $762,238,181.04
ESS Essential Metals Ltd 0.445 22% -18% -2% $112,304,496.85
CXO Core Lithium 1.365 47% -7% -3% $2,432,073,498.40
AGY Argosy Minerals Ltd 0.37 12% -9% -3% $518,726,298.28
CHR Charger Metals 0.535 15% -1% -3% $17,919,569.25
AOU Auroch Minerals Ltd 0.071 22% 3% -3% $26,988,231.33
EUR European Lithium Ltd 0.087 23% -1% -3% $126,021,525.75
ZNC Zenith Minerals Ltd 0.29 9% -3% -3% $103,428,683.70
1MC Morella Corporation 0.026 53% 4% -4% $153,257,777.62
ARN Aldoro Resources 0.26 86% -5% -4% $26,888,575.59
WR1 Winsome Resources 0.24 33% -19% -4% $33,778,498.50
STM Sunstone Metals Ltd 0.043 -10% -10% -4% $116,840,088.86
ZEO Zeotech Limited 0.061 24% 3% -5% $97,594,590.08
PNN Power Minerals Ltd 0.485 15% -13% -5% $31,384,767.60
LIS Lisenergylimited 0.6175 -19% -15% -5% $107,844,221.55
TYX Tyranna Res Ltd 0.038 81% 6% -5% $93,494,426.68
LEL Lithenergy 0.975 47% -13% -5% $46,504,500.00
OCN Oceanalithiumlimited 0.615 24% 19% -5% $21,791,250.00
CRR Critical Resources 0.049 32% -16% -6% $77,376,792.43
SRZ Stellar Resources 0.016 0% -11% -6% $14,268,144.64
G88 Golden Mile Res Ltd 0.032 14% 7% -6% $6,926,908.88
MQR Marquee Resource Ltd 0.078 20% -16% -6% $26,196,259.14
AML Aeon Metals Ltd. 0.031 15% 3% -6% $36,083,215.51
KTA Krakatoa Resources 0.061 22% -10% -6% $22,406,144.61
EVR Ev Resources Ltd 0.03 7% -6% -6% $29,631,490.27
GL1 Globallith 1.775 69% -6% -7% $302,320,177.68
BNR Bulletin Res Ltd 0.135 23% -16% -7% $42,425,709.50
RMX Red Mount Min Ltd 0.0065 -7% -7% -7% $11,496,547.01
AOA Ausmon Resorces 0.0065 8% 18% -7% $6,001,025.40
M2R Miramar 0.12 38% 21% -8% $8,344,266.19
PGD Peregrine Gold 0.76 71% -16% -8% $31,923,849.27
DAF Discovery Alaska Ltd 0.072 57% 44% -9% $17,714,541.14
PLL Piedmont Lithium Inc 0.81 64% 3% -10% $474,813,720.00
XTC Xantippe Res Ltd 0.009 13% -10% -10% $81,257,346.58
MMG Monger Gold Ltd 0.385 79% 33% -10% $17,217,200.00
IPT Impact Minerals 0.008 0% 0% -11% $22,332,335.00
AS2 Askarimetalslimited 0.335 49% -21% -12% $17,126,322.60
MTM Mtmongerresources 0.16 45% 33% -16% $7,126,906.27
Wordpress Table Plugin

A terrible day for lithium companies – 57 ended in the red, 38 fell flat and 36 ended in the green.

 

Other ASX lithium stocks with news out today

AUSTRALASIAN METALS (ASX:A8G)

Several distinct areas of geochemical anomalism have been identified within soils via the mobile metal ion (MMI) sampling technique using Ionic Leach at the Mt Peake Lithium Project in the Northern Arunta pegmatite province in the Northern Territory.

Ionic Leach is a proprietary partial leach technology that has been developed to extend the reach of geochemical exploration into areas that have been blanketed by post-mineralisation cover.

A8G managing director Dr Qingtao Zeng says outcropping bedrock in the northwest corner of EL32830 is rare due to the dominant alluvial/residual soil cover, which limits access to probe the geology directly.

The MMI geochemical survey has therefore been a ‘great tool to explore under the shallow covers’, he says.

“Soil geochemical contour maps in lithium, tantalum, cesium and rubidium have presented us information of different angles given the geochemical nature of these elements in soil.

“In combination with the high-grade rock chip samples identified at surface, our new data helps us understand the underlying geology better, refining our targeting tools ahead of maiden drilling”.

 

GREEN TECHNOLOGY METALS (ASX:GT1)

Diamond drilling at GT1’s flagship Seymour Lithium Project in Ontario, Canada have hit up to 17.9 and 7.7m thick pegmatites with intersections including 6m at 1.37% lithium oxide from 218.9m to 225m and 3.6m at 2.08% lithium oxide from 378.3m to 382m.

GT1 CEO Luke Cox says these intersections increase the targeted mineralised volumes with the original interpretations suggesting much narrower thickness.

Drilling at Seymour is now targeting lateral extents of the Aubry Complex as well as numerous pegmatite exposures within the Pye Complex.

In conjunction, drilling at the Root Project is set to begin shortly with additional equipment mobilised to site.